Is there any cap up to BNPL debit is allowed?
Yes, BMFD debit is allowed up to 30 Crs. If any fresh buying value breaches the define limit, then full funding will not be done.
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What are the charges for BNPL order?
After the BNPL trades are pledged, we'll charge an interest of 18.25% per year (or interest rate agreed with IIFL Capital) on the borrowed amount. The interest will be debited on a weekly basis.
How to avail BNPL?
Client can choose the product "BNPL" and place a buy order. After that the shares will be auto-pledged by the system.
Which categories of clients are allowed to register for TSBM?
A client will only be eligible for switching to TSBM if the client meets all the below requirements: Resident individuals and Hindu Undivided Families (HUFs) who settle their trades with IIFL Capital. If such a client has appointed a Custodian ...
How much exposure is allowed?
IIFL allows up to 5X of exposure in equity segment depending upon IIFL defined category of the scrip and product of the order. Please check the category of scrip and exposure allowed before placing the order. Exposure also differs for delivery and ...
What is BNPL/ Buy now pay later?
BNPL in IIFL is a margin-based trading facility that allows clients to buy stocks by paying a fraction of the amount while IIFL funds the balance, which is repaid later with interest.